Concentra Group Holdings Parent, Inc. $CON Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Concentra Group Holdings Parent, Inc. by 2.5%, owning 1,408,860 shares valued at approximately $30.57 million.
• Concentra Group reported a quarterly earnings per share (EPS) of $0.37, meeting analyst expectations, with revenue rising by 15.2% year-over-year to $550.80 million.
• The company declared a quarterly dividend of $0.0625 per share, representing an annual yield of 1.1%, with a dividend payout ratio of 21.01%.

Invesco Ltd. boosted its position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,408,860 shares of the company's stock after acquiring an additional 34,183 shares during the period. Invesco Ltd. owned about 1.11% of Concentra Group Holdings Parent worth $30,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Concentra Group Holdings Parent by 131.0% during the 1st quarter. GAMMA Investing LLC now owns 7,419 shares of the company's stock worth $161,000 after acquiring an additional 4,208 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Concentra Group Holdings Parent by 19.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock worth $78,000 after acquiring an additional 577 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $279,000. Envestnet Asset Management Inc. grew its holdings in Concentra Group Holdings Parent by 13.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 132,471 shares of the company's stock worth $2,875,000 after acquiring an additional 15,493 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Concentra Group Holdings Parent during the 1st quarter worth approximately $966,000.

Concentra Group Holdings Parent Stock Up 2.7%

Shares of NYSE:CON traded up $0.6290 during trading on Friday, hitting $23.6390. 1,144,122 shares of the company were exchanged, compared to its average volume of 914,429. The stock has a market capitalization of $3.03 billion and a P/E ratio of 19.86. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.18 and a quick ratio of 1.18. Concentra Group Holdings Parent, Inc. has a 12-month low of $18.89 and a 12-month high of $24.81. The firm's 50 day moving average price is $20.86 and its 200-day moving average price is $21.41.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The firm had revenue of $550.80 million during the quarter, compared to the consensus estimate of $537.36 million. During the same quarter in the prior year, the firm earned $0.49 EPS. Concentra Group Holdings Parent's revenue for the quarter was up 15.2% on a year-over-year basis. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. On average, research analysts predict that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 21st will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Concentra Group Holdings Parent's payout ratio is currently 21.01%.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers' compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.